Crypto NFT Today: The Latest News On Blockchain, Cryptocurrency And NFTs: June 1 To June 7, 2022

Another exciting week in the crypto, NFT and web3 space has arrived.

In the headlines, Bitcoin hit $32,000 for the first time in two weeks, and despite “crypto winter” looming, the industry appears to be pushing hard. Here are our top industry headlines for the week.

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Fidelity announces plans to offer Ethereum trading and custody services

Nearly a month after announcing the adoption of Bitcoin in retirement plans, Fidelity Investments is expanding its offerings to the Ethereum network. Additionally, Fidelity’s subsidiary, Fidelity Digital Assets Services LLC, is set to expand its technical team and hire more than 200 additional specialists ranging from engineers, developers and customer service representatives.

“We try not to focus on downturns and some long-term metrics,” such as customer demand, said Fidelity Digital Assets president Tom Jessop. “We try to build infrastructure for the future because we measure success over years and decades, not weeks and months.”

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MoneyGram partners with Stellar XLM

MoneyGram International, Inc., one of the world’s most expansive money transfer services, announced a partnership with Stellar Development Foundation to collect funding and payments in multiple currencies.

Using USD Coin (USDC), a stablecoin governed by Coinbase and Circle, MoneyGram will allow customers to convert money in and out of USDC for instant withdrawal at MoneyGram locations. MoneyGram plans to launch this specific program by the end of 2022.

Shytoshi Kusama presents a 3D avatar and a collectible for a new game produced by PlaySide

Alas, fans of the popular altcoin known as Shiba Inu can rejoice for a brief moment as Shytoshi Kusama, a mysterious figure behind the crypto project, teased the upcoming gaming collaboration with PlaySide Studios.

After announcing the partnership with PlaySide Studios in early 2022, Shiba Inu owners have been sitting on the edge of their seats in anticipation, waiting for updates. For more than one reason, respectively. Not only will holders be able to participate in immersive gaming opportunities, but they will also be part of a larger mission: to burn Shib’s token supply in hopes of creating more demand. However, no details have been announced as to whether or not the trading card game will feature token burning mechanics.

Apparently, the slew of Shiba Inu mobile games are set to release around the end of 2022.

DraftKings is working on cryptocurrency adoption

In a recent podcast, CEO Jason Robins shared that DraftKings is currently working on accepting cryptocurrency as a form of payment on the platform.

“Certainly, people want it. Certainly in the market we should be able to do that. So we’re working on it,” Robins said.

This announcement should come as no surprise after DraftKings entered into a strategic partnership with Polygon in October 2021. As of now, there is no strict timeline as to when this feature will release. One of the biggest hurdles here is overcoming a myriad of regulatory issues that come into play between the federal and state levels in sports betting and the uncertainty of federal cryptocurrency constraints.



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Crypto NFT Today: The Latest News On Blockchain, Cryptocurrency And NFTs: June 1 To June 7, 2022


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